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KSE fiscal Q3 profit climbs 68.9% YOY

KSE Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 33.39 Indian rupees per share, a gain of 68.8% from 19.78 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 106.8 million rupees, an increase of 68.9% from 63.3 million rupees in the prior-year period.

The normalized profit margin increased to 4.7% from 3.1% in the year-earlier period.

Total revenue climbed 12.9% year over year to 2.29 billion rupees from 2.03 billion rupees, and total operating expenses increased 10.2% on an annual basis to 2.12 billion rupees from 1.92 billion rupees.

Reported net income increased 69.0% from the prior-year period to 112.2 million rupees, or 35.05 rupees per share, from 66.4 million rupees, or 20.74 rupees per share.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.